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Kes. 100M Lotto Winner!!!!!
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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What would you do with such a windfall?And you are only 40!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? possunt quia posse videntur
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair!
BBI will solve it :)
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! Does that also happen in Kenya? Annuity payout of windfall!!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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urstill1 wrote:2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! Does that also happen in Kenya? Annuity payout of windfall!! yep... possunt quia posse videntur
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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maka wrote:urstill1 wrote:2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! Does that also happen in Kenya? Annuity payout of windfall!! yep... Never knew this
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Rank: Elder Joined: 6/23/2009 Posts: 13,783 Location: nairobi
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Lolest! wrote:maka wrote:urstill1 wrote:2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! Does that also happen in Kenya? Annuity payout of windfall!! yep... Never knew this Such monies never assist.. No lottery winner story has ever ended up well. Easy come, easy go
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Maka, Kindly confirm. I know of a case but in this particular one, dude was offered to choose between after tax lumpsum and payment in annuity (10 years). He opted for lumpsum and with good reason. World over, where gaming houses have closed shop, annuities cease. Exception being state owned lotteries. @Obiero, Steve Harvey says 78% end up being broke. Should you win, try and be part of the 22% unless you have the brains of David Lee Edwards!......Anyway, do not believe everything you are told! http://www.huffingtonpos...fference_n_5683267.html Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Njung'e wrote:@Maka, Kindly confirm. I know of a case but in this particular one, dude was offered to choose between after tax lumpsum and payment in annuity (10 years). He opted for lumpsum and with good reason. World over, where gaming houses have closed shop, annuities cease. Exception being state owned lotteries. @Obiero, Steve Harvey says 78% end up being broke. Should you win, try and be part of the 22% unless you have the brains of David Lee Edwards!......Anyway, do not believe everything you are told! http://www.huffingtonpos...fference_n_5683267.html 590M USD jackpot??? That's more than 59B!!!
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Impunity wrote:What would you do with such a windfall?And you are only 40! I would not be greedy and so i'd buy a house in Karen at 50m and move in, and use the other 50m to buy 4 apartments at lavington to rent out and give me 400k per month. Then everyday would be "furahiday saa ya phombe". No worries, no stress. 400k is pesa mzuri to play around with.
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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hardwood wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would not be greedy and so i'd buy a house in Karen at 50m and move in, and use the other 50m to buy 4 apartments at lavington to rent out and give me 400k per month. Then everyday would be "furahiday saa ya phombe". No worries, no stress. 400k is pesa mzuri to play around with. What is the lifestyle cost of someone who lives in Karen? Certainly much more than 400k per month
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Shak wrote:hardwood wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would not be greedy and so i'd buy a house in Karen at 50m and move in, and use the other 50m to buy 4 apartments at lavington to rent out and give me 400k per month. Then everyday would be "furahiday saa ya phombe". No worries, no stress. 400k is pesa mzuri to play around with. What is the lifestyle cost of someone who lives in Karen? Certainly much more than 400k per month Can you elaborate.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! How come it doesn't apply to sportpesa?
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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How many people lost for the guy to win? And how did the biggest bettor lose. How much did the betting company make? AND what taxes did the government collect?
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! I didnt know that...I thought unapewa pap! yote at once. So for how many months will he get the full sum? And I also think Gambling winners are not taxed at the moment...but I may be wrong!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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hardwood wrote:2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! How come it doesn't apply to sportpesa?  Like jana I won a bet kes. 285, and I got it full...I did not pay any tax! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/22/2015 Posts: 682
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Easy come easy go. The guy is not mentally prepared for such money, and worse still it was gotten by pure luck, so people around him will feel he should share. That man will know riches, but he will not know peace
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Mike Ock wrote:Easy come easy go. The guy is not mentally prepared for such money, and worse still it was gotten by pure luck, so people around him will feel he should share. That man will know riches, but he will not know peace So what is the point of playing this gambling games? Coz if you dont you are doomed, if you win are even doomed the more! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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2012 wrote:maka wrote:Shak wrote:Impunity wrote:What would you do with such a windfall?And you are only 40! I would feel very insecure. Now everyone knows he has all this money and will line up to get a piece How much will he get net? I think tax on gambling is above 16%. And do you know that they never give you this money at once? They structure it over years and that is so unfair! What? I did not know that...something to learn everyday huh...anyway, perhaps that is a good thing. It doesn't have to be all bad...the guy could use financial management 101 right now,..not an MBA, just basics, common sense. It would be nice if the organizers made it a condition to complete one as part of the acceptance procedure. The same for talent management, for people who receive crazy fees. My former used to conduct such classes for staff (compulsory),...eye openers I tell you.
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